Elated Tata says FIPB nod reflects investor-friendly policies of govt

New Delhi : Elated over the approval accorded to his firm’s airline venture with Malaysia’s Air Asia, Ratan Tata, Chairman Emeritus of Tata Sons tweeted, “FIPB approval of the airline project between Tatas, AirAsia and Bhatias reflects the true investor friendly policies of the government.”

“This and other similar actions will, without doubt, reinforce investor confidence in India,” he said. “I applaud the government for its transparency and its principled implementation of the stated policy,” he added.

Tata’s comment comes days after Aditya Birla Group Chairman Kumar Mangalam Birla had complained of country’s inconsistency and lack of transparency in business policies.